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Reports the prepackaged Chapter 11 bankruptcy petition filed by the Glenoit Corp. in New York. Reason for filing the petition; Details on the financial status of the company; Agreement of Citicorp to provide equity for Glenoit bondholder payments; Views of company president Thomas O'Gorman...

Reports that United States-based home textile firm Glenoit Corp. has been given an extension of its bankruptcy financing to keep it going through the end of the year. Amount lent to the firm as extra financing; Length of the extension; Investment advisor hired by Glenoit Corp.

Reports on home textiles retailer Glenoit Corp.'s emergence from bankruptcy proceedings under the ownership of lenders. Reorganization plan; Focus on profitable product lines; Contribution of home fashions business division to sales; Last reported sales and earnings for third quarter of 2000.

Reports that New York-based home textiles firm Glenoit Corp. has filed for Chapter 11 bankruptcy the United States Bankruptcy Court in Wilmington, Delaware. Reasons why the firm filed for bankruptcy; Terms of the plan; Loss suffered by the firm in the first-quarter of 2000; Total amount of...

Features Casalana, a low pile fabric from Glenoit Fabrics Corp. in New York City. Apparel and accessory application of Casalana; Difference of Casala from other traditional pebble-textured sherpa fiber; Breathability of the fabric.

Reports that textile firm Glenoit Corp. is adding seven designer licenses to Ex-Cell Home Fashions and Glenoit Consumer Products as it prepares to make a major push in design. Business recovery following a bankruptcy filing; Roster of designer licenses.